Integrated payments and digital commerce company, Interswitch have reiterated its commitment to the increased adoption of innovative solutions such as include digital wallets, Buy Now Pay Later (BNPL) services, and Point-of-Sale (POS) solutions.
According to the firm, the increase in innovative solutions will help strengthen the payment landscape and deepen financial inclusion in the country.
The digital commerce company made this commitment during the Nigeria Fintech Forum held recently at the Civic Centre, Victoria Island, Lagos.
While delivering the keynote address tagged ‘The Race Towards the Future of Digital Payments’, Akeem Lawal, Managing Director, Payment Processing & Switching (Interswitch Purepay) explained how innovative payment solutions have transformed the retail landscape, enabling seamless and secure payment experiences for customers and businesses.
He said “Digital wallets, POS solutions, and BNPL services have emerged as game-changing solutions in the digital payment ecosystem. With advancements like contactless payments and mobile wallets, the convenience and speed of transactions have reached unprecedented levels, propelling Nigeria towards a cashless society.”
Olufemi Davies, Portfolio Manager, Interswitch Purepay while speaking during the panel session tagged ‘Nigerian Fintech so far, assessing trends, opportunities, and obstacles’, said it is important for players in the payment space including banks, fintech, and telecommunications operators (telcos) to collaborate to provide unique offerings and world-class digital payments solutions to customers.